Strike Tool Salary

How much does the Strike Tool Pay for employees?

As of September 2026, the average annual salary for employees at Strike Tool in the United States is $88,245. This translates to an approximate hourly wage of $42. Salaries at Strike Tool typically range from $77,725 to $99,575 annually, reflecting the diverse roles and experience levels within the company. Strike Tool’s salaries are influenced by a wide range of factors including job role, department, years of experience, and location.
DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

How Much Does Strike Tool Pay for Different Roles?

Explore detailed salary information for specific jobs at Strike Tool. The table below outlines the annual salary ranges for popular roles within the company, helping you benchmark potential earnings. Use 'View by Card/Table' option to find the data most relevant to your career path.
DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.
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Current Job Openings at Strike Tool

Ready for your next career move? Explore current job openings at Strike Tool. Use the search tool below to find available positions by title and location and apply directly to start your career.

Is Strike Tool’s Pay Competitive? Salary Benchmarking Analysis

How does Strike Tool’s compensation stack up against the market? This analysis visualizes their annual average salary compared to its industry benchmark and key peer companies.
Peer Company & Industry Benchmarking
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Average Salary ($/year)
Strike Tool
MFG Durable
Walker US Inc
Advanced Ears
Industry Comparison
Our data shows that, on average, compensation at Strike Tool is below the average for the U.S. MFG Durable industry by approximately 28%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Strike Tool average annual salary with several similar companies. Strike Tool average salary of $88,245 is lower than Walker US Inc, which has an average salary of $100,438. It is higher than Advanced Ears, with their average salary at $84,648. This places Strike Tool in a mid-range position among its peers.
See Your True Competitors
The companies behind the question marks could be hiring your best people. Don't operate with incomplete data. Unlock your full competitive view with Salary.com for Business to precisely benchmark salaries, benefits, and more against your true competitors.

Employee Reviews: Working at Strike Tool

Considering a career at Strike Tool? Explore authentic employee reviews to learn about the work environment, career growth opportunities, pay transparency and benefits. These first-hand insights can help you set realistic compensation expectations and make informed career decisions.
Work is steady and predictable. Working here has been a positive experience from the start. Management recognizes hard work, and training is thorough. Leadership is accessible and responsive to employee feedback.
The benefits are generous and consistent with industry standards. They combine a strong commitment to producing quality products with an equally strong commitment to their employees' well-being and development. Leadership cares about employees and works to create a safe and inclusive environment. The culture is professional but sometimes bureaucratic, with resistance to rapid change and innovation...
They offer good health and wellness programs, showing a genuine concern for employee well-being beyond just workplace safety. Reliable equipment reduces unexpected breakdowns and delays. Schedules are consistent, and there's a positive culture that fosters respect, growth, and cooperation at every level.

Strike Tool Overview

Website
www.striketool.com
Founded In
1984
Employees
<25 employees
Industry
MFG Durable
Headquarter Address
31785 64th Ave Cannon Falls Minnesota MN 55009
Revenue
<$5 Million
Phone Number
+1 5072634129
Social Media
About Strike Tool
At Strike Tool we manufacture products that enhance the concrete industry. Whether it be precast concrete or construction, we make products tough enough to withstand both. We pride ourselves on making products that our customers need and ask for. Our president, Bob Banks, takes his tool-making education and combines it with his knowledge of the precast industry to come up with some of the most inn

What Benefits Does Strike Tool Offer Beyond Salary?

A competitive compensation package is more than just a salary. Strike Tool offers a comprehensive benefits package designed to support your health, financial future, and overall well-being. Below are the most common key benefits:
Social Security
401(K)
Disability
Healthcare
Pension
Time Off (days)
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How Much Should You Be Earning?

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What Is the Cost of Living Near Minneapolis?

Understanding the cost of living near Minneapolis is key to truly evaluating a salary offer or your current compensation at Strike Tool.
Minneapolis' Cost of Living Index is approximately 104.8 (4.8% more expensive than US average; 7.9% more than MN average). Major city, vibrant, housing costs above US avg, cold winters (high heating). Metro Transit. When planning your budget based on a salary from Strike Tool, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,400 - $2,100+ A significant portion of Strike Tool salary. Location choices impact this heavily.
Utilities (Basic) $130 - $230 (Heating significant) Electricity, Heating, Cooling, Water etc.
Public Transportation $120 (Metro Transit monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $430 - $630 Can be higher with more dining out or specialty stores.
Personal & Leisure $450 - $800+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $390 - $720+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,920 - $4,480+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Strike Tool

1. How much does a Strike Tool employee make?

Strike Tool pays its employees an average of $88,245 per year. The average salary at Strike Tool range from $77,725 to $99,575 per year. It's important to remember that these are overall averages, actual salaries vary significantly based on specific job titles, years of experience, skills, and location.

2. Which similar company tend to pay more or less than Strike Tool?

The salary at Strike Tool is lesser than the similar company. The average annual salary at Strike Tool is $88,245, or an hourly wage of $42, in comparison to Walker US Inc which pays $100,438 per year or $48 per hour.

3. How much does a President typically earn at Strike Tool?

A President at Strike Tool typically earns an average annual base salary of around $683,090, with a general range of $523,478 to $859,104.

4. Do employees with advanced degrees (Master's, PhD) earn more at Strike Tool?

In many roles at Strike Tool, particularly those requiring specialized knowledge or research capabilities (e.g., certain engineering, scientific, or financial roles), an advanced degree like a Master's or PhD can lead to a higher starting salary and faster career progression, thus higher earnings. However, for some roles, direct experience and skills might be valued as much or more than an advanced degree. The impact varies by field and specific job requirements.

5. How does the cost of living near Minneapolis affect the perceived value of a Strike Tool salary?

Minneapolis' Cost of Living Index is approximately 104.8 (4.8% more expensive than US average; 7.9% more than MN average). This significantly impacts the purchasing power of a salary from Strike Tool based there. Our "Cost of Living Insights for Minneapolis" module details this impact, helping you assess the 'real feel' value of your compensation.

6. What kind of benefits does Strike Tool typically offer employees?

Strike Tool generally offers a range of employee benefits designed to support their workforce's health, financial well-being, and work-life balance. Comprehensive health insurance (medical, dental, vision), a 401(k) retirement savings plan (often with a company match), paid time off (PTO), and potentially disability and life insurance are included. For a more detailed list of benefits, please see our "Employee Benefits at Strike Tool" section on this page.